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1099 S 223rd Lane Buckeye, AZ 85326

4 Beds 3 Baths 2,267 sqft Built 2005

INVESTimate

$269,900

List Price

$1,340

$1,206 - $1,474

Rent Est.

$295,055  ( +9.32%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $119.06
  • 3 Days on Market
  • MLS # : 6121909
  • Updated Date : 08/25/2020 at 11:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,267 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

This 2 story home features a full bath and bedroom on the main floor. Open kitchen with island area with breakfast bar, . Plenty of cabinets and linen closet w/laundry room. All tile floors downstairs and wood-style vinyl in all the right areas. Carpet only where needed. The upstairs features a large loft, master bedroom suite, and 2 other bedrooms and bath. This is one of the most popular and desirable floor plans. Easy to view and buy today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sundance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8011567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Sundance Elementary School Primary Regular 813 37 3
Sundance Elementary School Middle Regular 813 37 3
Youngker High School High Regular 1,580 67 3

Sundance Elementary School

  • Education Level: Primary
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Sundance Elementary School

  • Education Level: Middle
  • # of students: 813
  • # of teachers: 37
3
GreatSchools Rating

Youngker High School

  • Education Level: High
  • # of students: 1,580
  • # of teachers: 67
3
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$996
Property Tax -$220
Property Insurance -$71
HOA -$46
Property Management Fees -$99
CASH FLOW
-$92

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$269,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.32%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,336

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,340

    LIST RENT
  • $0.59

    LIST RENT PER SQFT
  • $1,332

    COMP ESTIMATED VALUE
  • $0.59

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,2993$1,3254$1,3405$1,395
$1,395
RENT COMPS ANALYSIS
  • 1099 S 223rd Lane Buckeye, 4
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.59
    •  
  • 22384 W Desert Bloom Street Buckeye, 1
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    property image
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.57
    •  
  • 1438 S 222nd Drive Buckeye, 2
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2005
    property image
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.58
    •  
  • 22353 W Devin Drive Buckeye, 3
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.58
    •  
  • 1100 S 223rd Lane Buckeye, 5
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2005
    property image
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.62
    •  
PROPERTY LISTING DETAILS
David James Natera
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121909
Last Updated: 08/25/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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